Car Dealer Believes Demand 2016 Car Model Normally Distributed Mean 200 Standard Deviation Q35184187
A Car dealer believes that demand for a 2016 car model will benormally distributed with a mean of 200 and standard deviation of30. His cost of receiving a car model is $25,000, and he sells itfor $40,000. Half of all leftover cars can be sold for $30,000. Heis considering ordering 200, 220, 240, 260, 280, or 300 models ofthat car. How many should he order? (Use simulation in Excel)


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